Form 4: Agrify Corp Director Max Holtzman Acquires Shares Through Vesting of Restricted Stock Units

Director Max Holtzman of Agrify Corp acquired 1,097 shares of common stock through the vesting of restricted stock units.

Summary

• Max Holtzman, a director at Agrify Corp, acquired 1,097 shares of common stock.
• The acquisition occurred on November 28, 2024, through the vesting of restricted stock units.
• These restricted stock units were granted on November 28, 2023, under the Agrify Corporation 2022 Omnibus Equity Incentive Plan.
• Each restricted stock unit represents the right to receive one share of common stock.
• All 1,097 restricted stock units vested on November 28, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director receiving shares through vesting, which is generally a positive sign of alignment with company goals. There are no negative implications.

Positives

• The vesting of restricted stock units indicates that the director has met the conditions for receiving the shares.
• The acquisition of shares by a director can be seen as a positive sign of confidence in the company.

Industry Context

This is a standard transaction for a director receiving shares as part of their compensation package. It is common for companies to use restricted stock units as a way to align the interests of management with those of shareholders.

Comparison to Industry Standards

• The use of restricted stock units as part of executive compensation is a common practice across many industries.
• Companies like Tesla, Apple, and Microsoft also use similar equity-based compensation plans for their executives and directors.
• The vesting schedule of one year is also fairly standard for these types of grants.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Agrify Corp, Max Holtzman, restricted stock units, share acquisition, director, vesting, equity incentive plan